It is meaningful to create a comprehensive score to extract information from mass continuous data when they measure the same latent concept. Therefore, this study adopts the logic of psychometrics to conduct scales on continuous data under the Rasch models. This study also explores the effect of different data discretization methods on scale…

In this study, the factorial invariance of the ASIS (Anadolu-Sak Intelligence Scale) was examined across time. Data were obtained from there groups of first-grade students who were administered the ASIS in 2020, 2021, and 2022. The analyses were conducted using multisample confirmatory factor analyses. Factorial invariance was tested with six…

Many education tests and psychological surveys elicit respondent views of similar constructs across scenarios (e.g., story followed by multiple choice questions) by repeating common statements across scales (one-statement-multiple-scale, OSMS). However, a respondent's earlier responses to the common statement can affect later responses to it…

Complex Machine Learning (ML) models used to support decision-making in peer-to-peer (P2P) lending often lack clear, accurate, and interpretable explanations. While the game-theoretic concept of Shapley values and its computationally efficient variant Kernel SHAP may be employed for this aim, similarly to other existing methods, the latter makes…

Compared to traditional confirmatory factor analysis (CFA), exploratory structural equation modeling (ESEM) has been shown to result in less structural parameter bias when cross-loadings (CLs) are present. However, when model fit is reasonable for CFA (over ESEM), CFA should be preferred on the basis of parsimony. Using simulations, the current…

Recently, deep learning has become a pervasive tool in prediction problems for structured and/or unstructured big data in various areas including science and engineering. In particular, deep neural network models (i.e. a basic core model of deep learning) can be viewed as an extension of statistical models by going through the incorporation of…

The limitation of conventional visual acuity assessment, which primarily focuses on individual eye performance (monocular visual acuity tests). This study addresses this limitation by emphasizing the importance of binocular vision, where both eyes work together. Binocular vision provides numerous advantages, such as improved depth perception, a…

This paper is concerned with the process of selecting between the increasingly popular bi-factor model and the second-order factor model in measurement research. It is indicated that in certain settings widely used in empirical studies, the second-order model is nested in the bi-factor model and obtained from the latter after imposing appropriate…

It is common to find mixed-format data results from the use of both multiple-choice (MC) and constructed-response (CR) questions on assessments. Dealing with these mixed response types involves understanding what the assessment is measuring, and the use of suitable measurement models to estimate latent abilities. Past research in educational…

In this study, the accuracy of the artificial neural network (ANN) was assessed considering the uncertainties associated with the randomness of the data and the lack of learning. The Monte-Carlo algorithm was applied to simulate the randomness of the input variables and evaluate the output distribution. It has been shown that under certain…

Symmetry considerations are important in science, and Group Theory is a theory of symmetry. Classical Measurement Theory is the most used measurement theory in the social and behavioral sciences. In this article, the author uses Matrix Lie (Lee) group theory to formulate a measurement model. Symmetry is defined and illustrated using symmetries of…

This paper reports a validation study based on descriptive multidimensional item response theory (DMIRT), implemented in the R package "D3mirt" by using the ERS-C, an extended version of the Relevance subscale from the Moral Foundations Questionnaire including two new items for collectivism (17 items in total). Two latent models are…

The default risk, one of the main risk factors for bonds, should be measured and reflected in the bond yield. Particularly, in the case of financial companies that treat bonds as a major product, failure to properly identify and filter customers' workout status adversely affects returns. This study proposes a two-stage classification algorithm for…

We have maintained the customer grade system that is being implemented to customers with excellent performance through customer segmentation for years. Currently, financial institutions that operate the customer grade system provide similar services based on the score calculation criteria, but the score calculation criteria vary from the financial…

The Next Generation Science Standards (NGSS) delineate three interrelated dimensions that describe what students should know and how they should engage in science learning. These present significant challenges for assessment because traditional assessments may not be able to capture the ways in which students engage with content. Science…